EVUS vs. KEAT ETF Comparison

Comparison of iShares ESG Aware MSCI USA Value ETF (EVUS) to Keating Active ETF (KEAT)

EVUS

iShares ESG Aware MSCI USA Value ETF

EVUS Description

EVUS tracks an index of large- and mid-cap US value stocks perceived to have positive ESG characteristics. The parent index, MSCI USA Value Index, identifies value stocks through book value-to-price ratio, 12-month forward earnings-to-price ratio, and dividend yield. Securities are then screened to exclude companies involved in controversial businesses and issues (e.g., weapons, tobacco, climate change issues). All selected securities are assigned an ESG score that evaluates a companys exposure to key ESG issues based on the companys business segment and geographic risk, as well as their strategies and programs to manage these risks and opportunities. Using a sector-specific weighting model, companies are rated and ranked against industry peers. The quantitative process leans toward higher-rated stocks while also considering market-cap and constraints based on the parent index. The fund may engage in securities lending. The index is reviewed and rebalanced quarterly.

Grade (RS Rating)

Last Trade

$30.74

Average Daily Volume

1,444

Number of Holdings ^*

234

* may have additional holdings in another (foreign) market

KEAT

Keating Active ETF

KEAT Description

KEAT actively invests in equity securities of all-cap companies considered undervalued based on the subadvisor's fundamental research. These securities include common stock, preferred stock, REITs, ADRs, and GDRs. The fund also considers and invests in international ETFs in the same manner it selects its individual securities. The sub-adviser initially identifies potential investment opportunities through public disclosures, and assesses their financial condition based on sustainable earnings and future cash flows through financial and strategic analyses. The portfolio will typically be comprised of 25 to 40 securities, all selected to offer exceptional value and have defensible positions. The fund also emphasizes companies with good shareholder yield. It intends to hold its positions for a year or more and sells them when it reaches its fair value or has become overvalued. KEAT may also hold short-term Treasurys in seeking total return.

Grade (RS Rating)

Last Trade

$26.89

Average Daily Volume

2,382

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EVUS	KEAT
30 Days	2.65%	0.99%
60 Days	3.47%	0.14%
90 Days	6.09%	1.23%
12 Months	29.50%

14 Overlapping Holdings

Symbol	Grade	Weight in EVUS	Weight in KEAT	Overlap
AFL	B	0.23%	1.54%	0.23%
AXP	A	0.9%	0.51%	0.51%
BRK.A	B	1.19%	0.79%	0.79%
DOV	A	0.1%	0.81%	0.1%
INTC	D	0.57%	0.57%	0.57%
JNJ	D	1.43%	1.6%	1.43%
PEP	F	0.84%	0.9%	0.84%
TAP	C	0.33%	3.31%	0.33%
TGT	F	0.43%	0.57%	0.43%
TMO	F	0.11%	1.2%	0.11%
UPS	C	0.32%	0.84%	0.32%
VZ	C	0.79%	3.26%	0.79%
WY	D	0.26%	1.16%	0.26%
XOM	B	1.54%	1.28%	1.28%

EVUS Overweight 220 Positions Relative to KEAT

Symbol	Grade	Weight
AVGO	D	2.9%
JPM	A	2.81%
HD	A	2.07%
UNH	C	2.04%
KO	D	1.67%
PG	A	1.5%
TXN	C	1.47%
BAC	A	1.33%
ORCL	B	1.31%
CVX	A	1.26%
ADP	B	1.24%
IBM	C	1.17%
MS	A	1.07%
PRU	A	1.02%
CSCO	B	1.01%
GILD	C	0.96%
PEG	A	0.96%
ABBV	D	0.92%
K	A	0.89%
DIS	B	0.88%
HON	B	0.86%
GS	A	0.84%
COP	C	0.82%
NEE	D	0.82%
KMI	A	0.81%
RTX	C	0.79%
CMI	A	0.78%
OKE	A	0.77%
CRH	A	0.76%
CAT	B	0.75%
AMGN	D	0.74%
BK	A	0.74%
LOW	D	0.74%
BR	A	0.73%
DHR	F	0.7%
C	A	0.69%
NI	A	0.67%
SPGI	C	0.65%
ELV	F	0.65%
ECL	D	0.64%
PNR	A	0.63%
MCD	D	0.63%
QCOM	F	0.63%
PNC	B	0.62%
EQIX	A	0.61%
GIS	D	0.6%
MMM	D	0.6%
CCI	D	0.6%
AMT	D	0.59%
CI	F	0.58%
ACN	C	0.56%
PFE	D	0.55%
NXPI	D	0.52%
MRK	F	0.52%
MET	A	0.52%
EXPD	D	0.51%
LIN	D	0.49%
COR	B	0.49%
HIG	B	0.47%
DLR	B	0.47%
SYF	B	0.47%
WELL	A	0.46%
TRV	B	0.46%
DFS	B	0.45%
FERG	B	0.43%
ZTS	D	0.43%
CLX	B	0.43%
DE	A	0.43%
BMY	B	0.42%
EA	A	0.41%
XYL	D	0.41%
MU	D	0.41%
KR	B	0.41%
SCHW	B	0.4%
CARR	D	0.4%
CHRW	C	0.4%
NOC	D	0.4%
CMCSA	B	0.4%
LKQ	D	0.39%
PGR	A	0.39%
OVV	B	0.39%
JCI	C	0.38%
NDAQ	A	0.38%
FI	A	0.38%
T	A	0.38%
CMS	C	0.38%
SBUX	A	0.37%
KMB	D	0.36%
FLUT	A	0.36%
KEYS	A	0.35%
CBRE	B	0.35%
HPE	B	0.35%
ANSS	B	0.35%
EXC	C	0.35%
PPG	F	0.34%
IRM	D	0.34%
PSX	C	0.33%
BG	F	0.32%
BKR	B	0.31%
BLK	C	0.31%
CAH	B	0.31%
STE	F	0.3%
DGX	A	0.3%
HCA	F	0.3%
COO	D	0.3%
DAL	C	0.3%
PLD	D	0.3%
HBAN	A	0.29%
CHD	B	0.29%
ETN	A	0.29%
NEM	D	0.28%
D	C	0.28%
BBY	D	0.28%
WFC	A	0.28%
EIX	B	0.28%
SLB	C	0.28%
USB	A	0.28%
FTV	C	0.27%
ADI	D	0.27%
URI	B	0.27%
KHC	F	0.26%
ED	D	0.25%
NUE	C	0.25%
FIS	C	0.25%
TFC	A	0.24%
PYPL	B	0.24%
MMC	B	0.24%
CNH	C	0.24%
ABT	B	0.24%
ES	D	0.23%
ZBH	C	0.23%
TSCO	D	0.23%
GEV	B	0.23%
FBIN	D	0.23%
FDX	B	0.23%
VLO	C	0.23%
REGN	F	0.22%
LH	C	0.22%
WTRG	B	0.21%
J	F	0.21%
KDP	D	0.21%
OC	A	0.21%
TRMB	B	0.2%
AIZ	A	0.2%
A	D	0.19%
FDS	B	0.19%
COF	B	0.18%
TJX	A	0.18%
CNC	D	0.18%
STT	A	0.18%
MRO	B	0.18%
HPQ	B	0.17%
IEX	B	0.17%
EQT	B	0.16%
ACGL	D	0.16%
DHI	D	0.16%
NTRS	A	0.16%
JBHT	C	0.16%
WMB	A	0.16%
IP	B	0.16%
IR	B	0.15%
TWLO	A	0.15%
TFX	F	0.15%
ALLE	D	0.15%
HOLX	D	0.14%
WTW	B	0.14%
MKC	D	0.14%
HUBB	B	0.14%
PHM	D	0.13%
ROK	B	0.13%
FOX	A	0.13%
CB	C	0.13%
HRL	D	0.12%
BXP	D	0.12%
AKAM	D	0.12%
IFF	D	0.12%
PFG	D	0.12%
CPB	D	0.12%
PAYX	C	0.12%
HII	D	0.12%
LDOS	C	0.11%
ADM	D	0.11%
PSA	D	0.11%
SOLV	C	0.11%
CBOE	B	0.11%
AZPN	A	0.11%
GEN	B	0.11%
WDC	D	0.11%
JNPR	F	0.11%
MKTX	D	0.11%
APD	A	0.11%
STLD	B	0.11%
FANG	D	0.11%
CCK	C	0.1%
DD	D	0.1%
BALL	D	0.1%
NTAP	C	0.1%
HUM	C	0.1%
BIIB	F	0.1%
DOW	F	0.1%
RMD	C	0.1%
ITW	B	0.1%
FSLR	F	0.1%
ICE	C	0.1%
CAG	D	0.09%
MDLZ	F	0.09%
TTC	D	0.09%
AVTR	F	0.09%
CVS	D	0.09%
KMX	B	0.09%
ULTA	F	0.09%
AVY	D	0.09%
SYY	B	0.09%
STZ	D	0.09%
GEHC	F	0.09%
LYB	F	0.08%
NKE	D	0.08%
IPG	D	0.08%
DG	F	0.06%
DLTR	F	0.06%

EVUS Underweight 13 Positions Relative to KEAT

Symbol	Grade	Weight
STIP	C	-28.19%
OII	B	-3.84%
GOLD	D	-3.73%
CALM	A	-3.56%
EQC	B	-3.54%
PM	B	-3.36%
EQNR	D	-3.23%
LMT	D	-3.16%
VOD	F	-3.14%
TALO	C	-2.99%
UL	D	-2.98%
TTE	F	-2.85%
LW	C	-2.42%